Quote Originally Posted by Michael Joseph View Post
thank you for that, but clearly that asset only exists within the trust. Property called asset is Right of Use. The Asset is the right of use. And typically the asset is Registered on a Trust Asset Registry - typically known as Register of Deeds. Or County Clerk and Recorder. The Property or Asset is wholly dependent upon Survey and Claim. And Use depends on Claim - I mean who has the right to the Use is derived from the Claim. Therefore the Use being put into Trust is split into Legal Use and Equitable Use. And then there are those who do not hold titles and they are just mere "End User" or plain ole "User" by way of Usufruct. A legal right.
This is why I personally make a sharp distinction between the terms asset and property.
Property, as I define it, means property held as strictly jus privati.
Asset implies commerce as well.
Asset is a species of property. A subset.